FXOAK:US dollar loses ground to majors overnight

Despite a gloomy session for Wall Street equities, the US dollar still fell overnight, weighed down by the end-of-month and end-of-quarter flows by institutional investors. The dollar index fell through support at 94.00 to 93.87, finishing the day 0.40% lower. The...

FXOAK:CPI Jumps on Energy But Don’t Expect That To Last

Following an unprecedented three-consecutive-month decline in core CPI. the BLS reports the CPI jumped 0.6% in June with the core CPI up 0.2%. Key Points Month-Over Month The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% in June on a seasonally...

FXOAK:US Dollar Dips Lower

The US dollar resumes its slow move lower With equity markets returning to FOMO v-shaped recovery mode, the green light was given for the US dollar sell-off to resume, after pausing on Tuesday. Price action was orderly though, with the US index falling just 0.40% to...